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Compagnie Financiere Richemont Earnings Yield (Joel Greenblatt) %

: 4.33% (As of Mar. 2022)
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Compagnie Financiere Richemont's Enterprise Value for the quarter that ended in Mar. 2022 was $70,907 Mil. Compagnie Financiere Richemont's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 was $3,179 Mil. Compagnie Financiere Richemont's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2022 was 4.33%.

The historical rank and industry rank for Compagnie Financiere Richemont's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

CFRHF' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.32   Med: 6.1   Max: 10.87
Current: 4.58

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Compagnie Financiere Richemont was 10.87%. The lowest was 2.32%. And the median was 6.10%.

CFRHF's Earnings Yield (Joel Greenblatt) % is ranked worse than
53.65% of 1122 companies
in the Retail - Cyclical industry
Industry Median: 5.21 vs CFRHF: 4.58

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Compagnie Financiere Richemont's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2022 was 12.91%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.


Compagnie Financiere Richemont Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Compagnie Financiere Richemont's Earnings Yield (Joel Greenblatt) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Compagnie Financiere Richemont Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Earnings Yield (Joel Greenblatt) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.48 9.76 4.73 3.64 4.33

Compagnie Financiere Richemont Semi-Annual Data
Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.73 - 3.64 - 4.33

Competitive Comparison

For the Luxury Goods subindustry, Compagnie Financiere Richemont's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Compagnie Financiere Richemont Earnings Yield (Joel Greenblatt) % Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Compagnie Financiere Richemont's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Compagnie Financiere Richemont's Earnings Yield (Joel Greenblatt) % falls into.



Compagnie Financiere Richemont Earnings Yield (Joel Greenblatt) % Calculation

In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.

Compagnie Financiere Richemonts Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2022 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=3051.7621145374/70906.766520705
=4.30 %

For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.



Compagnie Financiere Richemont  (OTCPK:CFRHF) Earnings Yield (Joel Greenblatt) % Explanation

Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.

Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.


Be Aware

Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Compagnie Financiere Richemont Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Compagnie Financiere Richemont's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Compagnie Financiere Richemont Business Description

Compagnie Financiere Richemont logo
Address
50, Chemin de la Chenaie, CP 30, Bellevue, Geneva, CHE, 1293
Richemont is a luxury goods conglomerate with 20 brands. Jewellery and watch brands make up over 70% of sales, but the group is also active in accessories, writing instruments, clothing and online luxury retail. Richemont's Jewellery Maisons, including Cartier and Van Cleef & Arpels, account for 56% of revenue and over 95% of profits. Its other brands include Vacheron Constantin, Piaget, Jaeger-LeCoultre, IWC Schaffhausen, Lange & Soehne, Officine Panerai, and Montblanc. Online businesses include Yoox Net-a-Porter.

Compagnie Financiere Richemont Headlines

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